Global Feed Ingredient Market on July 8, 2026: CBOT Agricultural Commodities Continue to Rise

Global feed ingredient prices continued to move higher on July 8, 2026, with CBOT agricultural commodities maintaining an upward trend. Corn, wheat, soybeans, soybean meal and soybean oil all closed higher in the latest session, supported by stronger demand signals, weather concerns and positive sentiment surrounding potential trade policy adjustments.

CBOT agricultural commodities extend gains

CBOT corn prices increased across key futures contracts. Corn for September 2026 closed at 174.6 USD/ton, up 2.1 USD/ton. December 2026 corn reached 182.7 USD/ton, while March 2027 corn stood at 188.6 USD/ton, both gaining 2.6 USD/ton compared with the previous session.

Wheat also moved higher. CBOT SRW wheat for September 2026 closed at 227.2 USD/ton, up 1.6 USD/ton. December 2026 wheat increased to 232.8 USD/ton, while March 2027 wheat reached 237.7 USD/ton.

The soybean complex showed stronger momentum. CBOT soybeans for August 2026 closed at 438.6 USD/ton, up 3.5 USD/ton. Soybean meal also rose, with the August 2026 contract reaching 348.6 USD/ton, up 3.6 USD/ton. Soybean oil posted one of the strongest increases, with August 2026 soybean oil reaching 1,510.8 USD/ton, up 18.3 USD/ton.

China’s buying interest supports market sentiment

A key supportive factor for the soybean market was renewed buying interest from China. Market sources reported that COFCO had purchased at least 15 cargoes of U.S. soybeans, equivalent to a minimum of 300,000 tons, for shipment from September to November.

This buying activity helped strengthen market sentiment, especially as traders continued to monitor the possibility of China reducing additional tariffs on certain U.S. agricultural products, including soybeans, corn and wheat. The expectation of stronger demand from China contributed to the upward movement in CBOT prices.

Weather risks remain a major concern

Weather conditions in key growing regions continued to influence market direction. Hot and dry weather in the U.S. Midwest raised concerns about crop development, particularly for corn and soybeans. At the same time, crop conditions in parts of Europe also remained under pressure due to unfavorable weather patterns.

According to market observations, these weather risks have increased uncertainty over yield potential, encouraging buyers to pay closer attention to supply outlooks in the coming weeks.

Vegetable oils and freight indexes show mixed movements

Vegetable oil prices also gained support. CBOT soybean oil increased strongly, while palm oil on both the Dalian and Bursa exchanges also moved higher. Dalian RBD palm oil for August 2026 reached 1,349.0 USD/ton, up 16.1 USD/ton, while Bursa palm oil for September 2026 stood at 1,117.7 USD/ton, up 2.5 USD/ton.

In the energy market, WTI crude oil for August 2026 increased to 70.4 USD/barrel, up 1.9 USD/barrel. Freight indicators were mixed. The Baltic Dry Index rose by 78 points to 2,875, while the Drewry World Container Index remained unchanged at 4,530 USD per 40ft container.

Market outlook

In the short term, global feed ingredient prices are likely to remain sensitive to weather developments in the U.S. and Europe, Chinese demand signals, and changes in trade policy. For feed manufacturers and importers, the current upward trend in CBOT prices suggests the need to closely monitor purchasing timing, freight costs and foreign exchange movements.